Fidelity Investments, which is acknowledged as a giant in the Tradfi asset management arena, is presently contemplating launching Ethereum-based trading and custody services. However, this will commence from the 28th of October, 2022, as per the note issued in due course to all of its customers. Further, this will be directed toward the institutional clients. The initiation, however, will be made by Fidelity Investment’s affiliate body, Fidelity Digital Assets, which will be responsible for its accomplishment and taking it forward.
Incidentally, the very CEO of Digital Investments, Abigail Johnson, has long been a serious advocate of the concept of digital assets. This step will further back her commitment to effectively and fruitfully propagating the empowerment of cryptocurrency. Fidelity Digital Assets, on its own, is responsible for institution-based clients to carry on their activities of trading bitcoins without a hitch.
According to the expert opinions of the stalwarts of this industry, entering Fidelity Investments into this arena is bound to transform the entire scenario. In their view, this will give the entire exercise of having more players, including investors making institutional-based investments and getting involved with crypto, a massive boost. They predict that all the players joining up will be able to get a finer insight into ETH on the whole.